UBS outsources trading platform

City A.M. Reporter
SWISS bank UBS will begin outsourcing its fixed income trading platform to two technology groups in an attempt to save costs, a source has claimed.

UBS declined to comment.

French trading software firm Murex and Ion Trading have been finalised to handle bookings and electronic exchange gateways, the source said.

Murex and Ion Trading could not be reached for a comment outside of normal business hours.